The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wardwizard Solutions India Pvt Ltd

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Price reaction · full curve 14 horizons · vs prior close

+1.3%1-day move

₹0.78

prior close

₹0.79

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+1.3+0.0-1.3-1.3-5.1-12.8-21.8-19.2-20.5-25.6

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AI summary

Promoter entity Wardwizard Solutions India Private Limited has created a pledge on 1,50,00,000 equity shares (about 1.05% of total share capital) of Mangalam Industrial Finance Ltd in favour of Blacksoil Capital Private Limited. The pledge was created on 7th April 2026 and disclosed to BSE on 9th-10th April 2026. Combined with PAC Mr. Yatin Sanjay Gupte's existing encumbrance of 8,50,00,000 shares (5.96%), the promoter group's total encumbered holding now stands at 10,00,00,000 shares, or roughly 7% of the company's equity. No change in direct voting shareholding has occurred - only the encumbrance has been added.

Likely market impact

Shareholders should note that a portion of promoter shares are now pledged with a lender, which introduces some risk if the promoter group faces financial difficulty or default. However, the pledged quantum is relatively small (around 1% new pledge, ~7% total encumbered), so near-term impact on the stock is expected to be limited.